As traders approach another pivotal day for financial markets, a series of crucial decisions and economic data releases that could sway market dynamics are expected on Thursday, December 12, 2024. The Producer Price Index (PPI) and Initial Jobless Claims stand out as key indicators that will provide insights into inflation pressures and the labor market's health, respectively. These reports have the potential to influence Federal Reserve policy decisions and market sentiment.
Major Economic Events to Watch
• 8:30 AM ET - PPI (Nov): A key measure of inflation at the producer level, forecast at 0.2%, unchanged from the previous month.
• 8:30 AM ET - Initial Jobless Claims: An early indicator of labor market conditions, expected to show 221K new claims, down from 224K.
Other Important Economic Events to Watch
• 4:00 AM ET - IEA Monthly Report: Provides analysis and outlook for the global oil market.
• 8:30 AM ET - Core PPI (Nov): Excludes volatile food and energy prices, forecast at 0.2%, down from 0.3% previously.
• 8:30 AM ET - Continuing Jobless Claims: Expected to rise to 1,880K from 1,871K, indicating ongoing unemployment levels.
• 1:00 PM ET - 30-Year Bond Auction: Previous yield was 4.608%, important for assessing long-term interest rates.
• 4:30 PM ET - Fed's Balance Sheet: Reveals the Federal Reserve's assets and liabilities.
• 4:30 PM ET - Reserve balances with Federal Reserve Banks: Indicates liquidity in the banking system.
Other Economic Events to Watch
• 8:30 AM ET - PPI ex. Food/Energy/Trade (Nov): Previous reading was 0.3%.
• 8:30 AM ET - Core PPI (YoY): Forecast at 3.2%, up from 3.1% previously.
• 8:30 AM ET - PPI (YoY): Expected to rise to 2.6% from 2.4%.
• 8:30 AM ET - PPI ex. Food/Energy/Trade (YoY): Previous reading was 3.5%.
• 8:30 AM ET - Jobless Claims 4-Week Avg.: Previous figure was 218.25K.
• 10:30 AM ET - Natural Gas Storage: Forecast at -175B, following previous -30B.
• 11:30 AM ET - 4-Week Bill Auction: Previous yield was 4.400%.
• 11:30 AM ET - 8-Week Bill Auction: Previous yield was 4.350%.
For further information and the latest updates, please refer to our Economic Calendar, here.
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